The partnership between Mangopay and Sprinque enables merchants and marketplaces to take advantage of holistic and customisable payments infrastructures and terms, allowing them to grow revenues by tapping into B2B cross-border opportunities.
Augmenting B2B marketplaces
With market reports suggesting that the B2B marketplace industry has grown by as much as 8.6 times since 2015, the payment experience continues to play a key role in the growth of businesses operating in the sector.
The collaboration between Sprinque and Mangopay is designed to empower B2B marketplaces with robust tools and a choice of payment methods to manage their payment flows with more flexibility, including those looking to introduce a Buy Now, Pay Later service to their B2B customers.
Executives from Sprinque said they are happy about this partnership with Mangopay as this creates collaboration in an ecosystem where ambitious international merchants, both B2C and B2B, will be able to have access to both consumer and business tools to ensure that they are able to capture and service both sides of the coin, B2C and B2B.
Also commenting on this news, Mangopay officials emphasise their commitment to enhancing payment infrastructure for large marketplaces and platforms, aiming to facilitate business scaling. Partnerships with companies like Sprinque are important to their strategy, strengthening offerings for B2B markets and enabling a broader range of payment methods to meet growing demand.
What does Sprinque do?
Established in Amsterdam in 2021, Sprinque is the B2B payments platform that helps merchants and marketplaces expand globally by enabling frictionless purchasing with business customers. Sellers can conveniently service international buyers by offering them the net payment terms flexibility they need to complete the transaction, while risk and fraud management and other financial operations are handled by Sprinque.
More information about Mangopay
Founded in 2013, Mangopay supports multiple business models in the platform economy with its modular payment infrastructure. The company has supported over 2,500 platforms and marketplaces through its programmable e-wallet solution and end-to-end payment infrastructure which covers everything from pay-in to payout.
